ART. 42. ] INSURANCE COMPANIES.

term " process, " used above, shall be held and deemed to include
any writ, summons, or order whereby any action, suit, or proceeding
shall be commenced, or which shall be issued in or upon any action,
suit, or proceedings by any court, officer, or magistrate. Third, a

367

statement of the condition of the company on the thirty-first day
of December next preceding, under oath of the president or vice-
president of the company, with that of the secretary or actuary as

Statement of
condition of
company.

hereinafter provided for. Fourth, a certificate of the appointment
of a general agent of the company for this State, and a list of its
agents authorized to transact business for said company within this
State, and no certificate of authority as hereinafter described shall
be issued to any person or persons not so designated by the com-
pany as agent, except in the case of solicitors of life insurance,
who may be designated by the general agent of the company for
this State.

Certificate of
appointment of
general agent

5. No person shall act as agent or solicitor in this State for any
insurance company, including individuals, whether resident or non-
resident, partnerships or joint stock associations (except such com-
panies as may be chartered under the laws of this State) in any
manner whatever relating to insurance risks until all the provisions
of this act have been complied with, and there has been granted by
the insurance commissioner a certificate of authority or license, for
which said company, individual, resident or non-resident, or asso-
ciation or their agent shall pay into the State treasury the sum of

1878, c 106.
License.

two hundred dollars, and shall also pay into said treasury a tax of
one and one-half per centum on the gross premiums received, less
the losses, dividends, and annuities, paid in this Slate during the
last license year for said company, individual, resident or non-resi-

Tax.

dent, partnership, or association; a report of which premiums,
losses, dividends, and annuities so collected and paid for any such
company must be made to the insurance commissioner, under oath
of the general agent or chief accounting officer of such company;

Report of pre-
miums, etc, to
be made to
commissioner

provided, that all premiums loaned in this State for a period not less
than two years shall be exempt from the payment of said tax of one
and one-half per cent., and from the retaliatory clause of this act.
Any company applying for admission into this State shall pay for
license in like proportion for the fractional part of a year, so that
all licenses issued shall expire on the thirty-first day of December
next ensuing. In addition to the above license and tax there shall
be paid by each company, individual, resident or non-resident, or
association, whether of this State or otherwise doing business in this

Proviso.

State, the following fees to defray the expenses of executing the
provisions of this act: Upon filing the declaration or certified copy
of charter (which is only to apply to companies hereafter admitted
to do business in this State), fifty dollars; upon filing annual state-
ment, twenty-five dollars; for each certificate of authority, which
each agent of every company not organized under the laws of this

Fees.

State is hereby required to obtain, the sum of ten dollars; provided,

Proviso